CHMG Stock Overview
Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services.
Chemung Financial Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$42.18|
|52 Week High||US$49.50|
|52 Week Low||US$40.75|
|1 Month Change||-8.49%|
|3 Month Change||-2.47%|
|1 Year Change||-4.42%|
|3 Year Change||0.38%|
|5 Year Change||-10.45%|
|Change since IPO||234.10%|
Recent News & Updates
Chemung Financial's (NASDAQ:CHMG) Dividend Will Be $0.31
The board of Chemung Financial Corporation ( NASDAQ:CHMG ) has announced that it will pay a dividend of $0.31 per share...
Chemung Financial (NASDAQ:CHMG) Is Paying Out A Dividend Of $0.31
Chemung Financial Corporation ( NASDAQ:CHMG ) will pay a dividend of $0.31 on the 3rd of October. Based on this...
Chemung Financial declares $0.31 dividend
Chemung Financial (NASDAQ:CHMG) declares $0.31/share quarterly dividend, in line with previous. Forward yield 2.66% Payable Oct. 3; for shareholders of record Sept. 19; ex-div Sept. 16. See CHMG Dividend Scorecard, Yield Chart, & Dividend Growth.
|CHMG||US Banks||US Market|
Return vs Industry: CHMG exceeded the US Banks industry which returned -21.7% over the past year.
Return vs Market: CHMG exceeded the US Market which returned -23.1% over the past year.
|CHMG Average Weekly Movement||3.5%|
|Banks Industry Average Movement||3.4%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.9%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: CHMG is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: CHMG's weekly volatility (3%) has been stable over the past year.
About the Company
Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services. The company provides demand, savings, and time deposits; non-interest and interest-bearing checking accounts; and insured money market accounts. It also offers commercial and agricultural loans comprising loans to small to mid-sized businesses; commercial mortgage loans; residential mortgage loans; consumer loans, including home equity lines of credit and home equity term loans; and interest rate swaps, letters of credit, wealth management, employee benefit plans, mutual fund, insurance products, and brokerage services.
Chemung Financial Fundamentals Summary
|CHMG fundamental statistics|
Is CHMG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CHMG income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||5.99|
|Net Profit Margin||30.02%|
How did CHMG perform over the long term?See historical performance and comparison
2.9%Current Dividend Yield
Is CHMG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for CHMG?
Other financial metrics that can be useful for relative valuation.
|What is CHMG's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does CHMG's PE Ratio compare to its peers?
|CHMG PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
CSHX Cashmere Valley Bank
ISTR Investar Holding
MLGF Malaga Financial
ATLO Ames National
CHMG Chemung Financial
Price-To-Earnings vs Peers: CHMG is good value based on its Price-To-Earnings Ratio (7x) compared to the peer average (9.3x).
Price to Earnings Ratio vs Industry
How does CHMG's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: CHMG is good value based on its Price-To-Earnings Ratio (7x) compared to the US Banks industry average (9.7x)
Price to Earnings Ratio vs Fair Ratio
What is CHMG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||7x|
|Fair PE Ratio||9.9x|
Price-To-Earnings vs Fair Ratio: CHMG is good value based on its Price-To-Earnings Ratio (7x) compared to the estimated Fair Price-To-Earnings Ratio (9.9x).
Share Price vs Fair Value
What is the Fair Price of CHMG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CHMG ($42.18) is trading below our estimate of fair value ($115.45)
Significantly Below Fair Value: CHMG is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Chemung Financial forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CHMG's earnings are forecast to decline over the next 3 years (-2.5% per year).
Earnings vs Market: CHMG's earnings are forecast to decline over the next 3 years (-2.5% per year).
High Growth Earnings: CHMG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CHMG's revenue (4.4% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: CHMG's revenue (4.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CHMG's Return on Equity is forecast to be high in 3 years time
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How has Chemung Financial performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CHMG has high quality earnings.
Growing Profit Margin: CHMG's current net profit margins (30%) are higher than last year (27.9%).
Past Earnings Growth Analysis
Earnings Trend: CHMG's earnings have grown by 20% per year over the past 5 years.
Accelerating Growth: CHMG's earnings growth over the past year (15.3%) is below its 5-year average (20% per year).
Earnings vs Industry: CHMG earnings growth over the past year (15.3%) exceeded the Banks industry 8.7%.
Return on Equity
High ROE: CHMG's Return on Equity (16%) is considered low.
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How is Chemung Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: CHMG's Assets to Equity ratio (14x) is moderate.
Allowance for Bad Loans: CHMG has a sufficient allowance for bad loans (237%).
Low Risk Liabilities: 96% of CHMG's liabilities are made up of primarily low risk sources of funding.
Loan Level: CHMG has an appropriate level of Loans to Assets ratio (65%).
Low Risk Deposits: CHMG's Loans to Deposits ratio (73%) is appropriate.
Level of Bad Loans: CHMG has an appropriate level of bad loans (0.5%).
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What is Chemung Financial current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CHMG's dividend (2.94%) is higher than the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: CHMG's dividend (2.94%) is low compared to the top 25% of dividend payers in the US market (4.57%).
Stability and Growth of Payments
Stable Dividend: CHMG's dividends per share have been stable in the past 10 years.
Growing Dividend: CHMG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (20.8%), CHMG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Anders Tomson (55 yo)
Mr. Anders M. Tomson has been the Chief Executive Officer and Director of Chemung Canal Trust Company and Chemung Financial Corporation since December 22, 2016. He serves as President & CEO of CFS Group, I...
CEO Compensation Analysis
Compensation vs Market: Anders's total compensation ($USD1.04M) is below average for companies of similar size in the US market ($USD1.68M).
Compensation vs Earnings: Anders's compensation has been consistent with company performance over the past year.
Experienced Management: CHMG's management team is seasoned and experienced (5.8 years average tenure).
Experienced Board: CHMG's board of directors are considered experienced (7.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CHMG insiders have only sold shares in the past 3 months.
Recent Insider Transactions
|27 Jul 22||SellUS$203,887||Ronald Bentley||Individual||4,522||US$45.09|
|26 Jul 22||SellUS$112,355||Ronald Bentley||Individual||2,478||US$45.58|
|26 Jul 22||SellUS$22,647||Thomas Wirth||Individual||500||US$45.29|
|16 Jun 22||SellUS$76,920||Loren Cole||Individual||1,798||US$42.78|
|03 Jun 22||BuyUS$44,950||Denise Gonick||Individual||1,000||US$44.95|
|20 May 22||SellUS$51,887||Loren Cole||Individual||1,150||US$45.12|
|01 Feb 22||SellUS$36,492||Denise Gonick||Individual||800||US$45.62|
|28 Jan 22||BuyUS$37,120||Denise Gonick||Individual||800||US$46.40|
|19 Nov 21||BuyUS$14,720||G. Tranter||Individual||320||US$46.00|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Chemung Financial Corporation's employee growth, exchange listings and data sources
- Name: Chemung Financial Corporation
- Ticker: CHMG
- Exchange: NasdaqGS
- Founded: 1833
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$197.220m
- Shares outstanding: 4.68m
- Website: https://www.chemungcanal.com
Number of Employees
- Chemung Financial Corporation
- One Chemung Canal Plaza
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CHMG||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jan 1975|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/24 00:00|
|End of Day Share Price||2022/09/23 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.